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In a recent video interview by Bitcoin Magazine, Troy Cross, Professor of Philosophy and Humanities at Reed College, delves into the topic of his latest article for Bitcoin Magazine’s “The Mining Issue,” titled “Why the Future of Bitcoin Mining is Distributed.” Watch the full discussion here.
In the interview, Troy explores the centralization vectors in Bitcoin mining and presents a compelling argument for the decentralization of hashrate. Despite the economies of scale that have given rise to mega mining operations, he highlights a critical—and potentially economic—imperative for distributing mining power, offering insights into the future of Bitcoin’s infrastructure.
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About 11 months after its initial announcement, the mainnet of Lens Chain goes live today with its V3 deployment.
Lens Protocol launched in February 2022 on the Polygon sidechain.
In May 2024, Lens announced that it was migrating off Polygon to its own L2 chain built within the zkSync Elastic Network. For the deal, Lens was reportedly paid 0.5% of the total ZK token supply (worth about $6.5M today).
The shift to its own L2, however, was motivated primarily by costs and scalability.
Building Lens on the Polygon sidechain made sense in 2021, but once L2s were available, they provided…
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Grayscale has officially lodged a Form S-1 with the SEC marking a significant step toward launching a pioneering spot Solana ETF. This move follows the submission by NYSE Arca of a 19b-4 application seeking to transform the Grayscale Solana Trust into a tradable exchange product with the SEC’s formal recognition of this filing on February 6.
Detailed in the S-1 registration filed on April 4 the plan outlines Grayscale’s intent to list the ETF initially named Grayscale Solana Trust (SOL) on the NYSE Arca exchange. Upon approval the trust will be rebranded to Grayscale Solana Trust ETF aiming to mirror the performance of Solana’s SOL tokens through the CoinDesk Solana Price Index (SLX).
Enhancing the robustness of this ETF Coinbase is set to act as the prime broker and custodian with Bank of New York Mellon playing a crucial role as transfer agent and administrator. The trust plans to only accept cash for creating and redeeming shares at launch with possibilities of in-kind transactions in the future subject to regulatory nods thus setting a new benchmark in crypto-focused investment solutions.
Just a few years ago, Shrapnel was expected to become the Call of Duty of crypto. It promised a vivid, sci-fi world — one I saw firsthand at the 2023 Game Developers Conference in San Francisco.
I got to play a very early demo of the game, where players on a small map had to locate weapons, take each other down and extract mineral-rich asteroid bits known as Shrapnel from the map. Yes, the game was laggy, had bugs and needed technical optimization. But back then, it truly felt like the beginning of an “AAA” gaming experience.
Shrapnel had elements of Escape From Tarkov and Apex Legends — and was planning an optional “GameBridge” NFT ecosystem for players. Gunzilla…
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